John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (772)	4/4/2000 4:32:00 PM
From: John Pitera	Read Replies (1) of 33421

I mentioned the SPX 1415 level as an important level on saturday on this chart geocities.com in this post Message 13330611 "The SPX would have to go below the .618 retracement and the 50 DMA area which is currently in the 1415 area, to cause much concern from my perspective" today's low was at 1416.41 on the SPX, so the happy cluster of the .618 retracement and the 50 DMA, proved to be an Excellent point to have been looking to cover short positions, as well as initiating long Positions,with a stop below those levels. geocities.com The trin by 1:10 pm had risen to a very large 1.78 while the tick got down to a -1669 @ 1:15pm et. John

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